Central Asia Metals (LON:CAML) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Central Asia Metals plc (LON:CAML) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 195.72 ($2.47) and traded as low as GBX 156 ($1.97). Central Asia Metals shares last traded at GBX 160 ($2.02), with a volume of 1,258,872 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 ($2.90) price target on shares of Central Asia Metals in a research report on Tuesday, September 10th.

Central Asia Metals Stock Up 1.3 %

The firm’s fifty day simple moving average is GBX 182.30 and its 200 day simple moving average is GBX 195.72. The company has a current ratio of 5.15, a quick ratio of 1.97 and a debt-to-equity ratio of 0.55. The company has a market cap of £278.35 million, a price-to-earnings ratio of 1,000.00 and a beta of 1.12.

Central Asia Metals Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 22nd. Investors of record on Thursday, September 26th were paid a dividend of GBX 9 ($0.11) per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a dividend yield of 5.17%. Central Asia Metals’s payout ratio is currently 11,250.00%.

Central Asia Metals Company Profile

Central Asia Metals plc, together with its subsidiaries, operates as a base metals producer. The company produces copper, zinc, silver, and lead. It owns a 100% interest in the Kounrad solvent extraction- electrowinning operation located near the city of Balkhash in central Kazakhstan. The company owns 100% interest in the Sasa mine located in north Macedonia.